{
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  "docSlug": "77d5845f03d659a56d1e15a86826fcc5",
  "documentTitle": "Enact | IPO Presentation Deck | 24 slides",
  "authorId": "enact",
  "authorName": "Enact",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-09-01 00:00:00",
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  "pageNumber": 11,
  "pageCount": 24,
  "prevPage": 10,
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  "slideType": "peer_benchmark",
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  "density": "dense",
  "nDataPoints": 15,
  "notes": "The slide uses bar charts to demonstrate competitive positioning, highlighting Enact's performance relative to specific peer groups.",
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  "slideHref": "/slides/019de071-7da2-738b-82cc-eb92c6ddad8a/11",
  "deckHref": "/decks/019de071-7da2-738b-82cc-eb92c6ddad8a",
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      "kind": "chart",
      "text": "IIF Growth (2Q'19-2Q'21)",
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      "kind": "chart",
      "text": "P/BV",
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      "kind": "chart",
      "text": "Net Premium Growth (LTM 2Q'19-LTM 2Q'21)",
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      "kind": "list",
      "text": "Strong growth in IIF translating to similarly strong premium growth. Historical growth trajectory benchmarks closer to Essent and NMI rather than legacy players. Enact's historical IIF and premium performance coupled with a platform that is well-positioned for future growth differentiates us from our legacy peers.",
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        "y": 0.88
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      "kind": "source-note",
      "text": "Source: Peer metrics from public company filings; 1 Represents compound annual growth rate of IIF from 2Q'19 to 2Q'21; 2 Represents compound annual growth rate of net premium earned from LTM 2Q'19 to LTM 2Q'21. 3 Market data as of 31-Aug-2021.",
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      },
      "kind": "title",
      "text": "In-Force and Premium Growth Compares Favorably vs. Peers",
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  "metrics": [],
  "tools": [
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      "evidence": "IIF Growth (2Q'19-2Q'21)\nNet Premium Growth (LTM 2Q'19-LTM 2Q'21)",
      "confidence": 0.7
    },
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      "name": "Slide recipe: the peer-gap chart",
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      "matchId": "b0669f2b-f98e-4296-890d-c86c4cbfa29c",
      "evidence": "Strong growth in IIF translating to similarly strong premium growth.",
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  "frameworks": [
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      "matchId": "185ce90e-b6c3-489c-83f8-ddebdc228a53",
      "evidence": "Direct comparison of company metrics against identified peer groups (Legacy vs Post-Crisis).",
      "confidence": 0.9
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  "arcBeats": [],
  "loops": [
    {
      "to": 24,
      "from": 7,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "e0307420-1bfd-41d3-bc65-ac2984ba96b6",
      "evidence": "The deck presents multiple slides highlighting the advantages of Enact's IPO and separation framework.",
      "position": 0,
      "objective": "Why now is the right time for Enact's IPO",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.8,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
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